By David Lawder and Bhargav Acharya (Reuters) -U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked Republicans in Congress to scrap the Section 899 retaliatory tax proposal from their tax and spending bill after Washington reached an agreement with Group of Seven industrial countries. Section 899 would have enabled President Donald Trump …
By Scott Murdoch (Reuters) -Hong Kong’s equity capital markets activity roared back to life in the first half of 2025, driven by global investors sharpening focus on China as the city awaits the possible Shein initial public offering in the second half. Big ticket capital raisings and a rush of “A to H” share deals, …
Hong Kong’s equity capital markets bounce back in first half, as Shein IPO looms Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street closed higher on Thursday, nudging the S&P 500 and the Nasdaq nearer to record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the U.S. Federal Reserve lowering borrowing costs this year. All three major …
Wall Street ends higher on rate cuts, S&P 500, Nasdaq miss record highs Read More »
WASHINGTON (Reuters) -Hawaiian Airlines said on Thursday that some of its IT systems were disrupted by a hack, adding its flights were operating as scheduled. In a statement, Hawaiian Airlines said “some of our IT systems” had been affected by a “cybersecurity event.” The nature of the event was not disclosed, but that kind of …
By Niket Nishant (Reuters) -Alternative asset manager Blackstone has bought nearly $2 billion worth of commercial real estate loans from regional lender Atlantic Union Bankshares, further extending its aggressive push into the CRE sector. The loans were bought at a slight discount to their face value, the companies said on Thursday. The loans originated from …
Blackstone deepens CRE bet with $2 billion loan purchase from Atlantic Union Read More »
By Alexandra Ulmer, Abhirup Roy, Chris Kirkham and Rachael Levy (Reuters) -Tesla executive and longtime Elon Musk confidant Omead Afshar has left the electric-vehicle maker, three people familiar with the matter said on Thursday, another senior departure as the company grapples with slowing global demand. Afshar was part of the CEO’s office and since last …
Top Tesla executive, an Elon Musk confidant, leaves the company, sources say Read More »
By Bo Erickson, David Morgan and Andy Sullivan WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Thursday asked Republicans in Congress to remove a “retaliatory tax” proposal that targets foreign investors from their sweeping budget legislation, as lawmakers struggled to find a path forward on the bill. The retaliatory tax proposal has stirred alarm on …
Bessent asks Congress to drop ‘retaliatory’ tax as Republicans struggle to rewrite bill Read More »
(Reuters) -Vogue editor-in-chief Anna Wintour said on Thursday she will be looking for a new head of editorial content at American Vogue as she steps down from the role after nearly 40 years. She has been the editor of Vogue U.S. since 1988 and is regarded as one of the most powerful people in the …
Vogue’s Anna Wintour to appoint new US editorial head Read More »
By Amina Niasse NEW YORK (Reuters) -UnitedHealth Group’s health services segment, Optum Health, will be led by Patrick Conway, according to an internal company memo. A spokesperson for UnitedHealth said Conway’s experience in value-based care, where payment is generated from keeping patients healthy, drove the health insurer’s new appointment. “Leadership changes are consistent with the …
UnitedHealth appoints new CEO to run health services division Read More »
By Jonathan Stempel (Reuters) -CVS Health’s pharmacy benefit manager unit must pay the U.S. government $95 million after a federal judge found it overcharged Medicare for prescription drugs. Chief Judge Mitchell Goldberg in Philadelphia ordered the payment by CVS Caremark on Wednesday, following an eight-day non-jury trial in March in the whistleblower case. Goldberg will …
CVS unit ordered to pay $95 million in Medicare whistleblower lawsuit Read More »
